/biz/ - Business & Finance

>>49410143
Yes. Peak pain + summer meaning everyone just fucked off meaning a local bottom meaning we will probably have a market wide relief rally into the summer while they're all away. Lmao. Human psychology is incredibly predictable.

Keep gambling, you're 3 feet from gold.

>>49369352
>Generally the only things that matter in an economy are employment and value of currency
No? Who gives a shit how many people are flinging shit from one pile to another? And the value of each currency can be manipulated either way by each central bank, although it may come at a cost. So not really a good metric.
But things are getting bad for the current world order and they will get worse. Just not because of the things you listed.

>>49323547
If's actually worse because half of those gains-posters are lying in order to cope with their impending margin calls.

>>30313365
>muh GDP!
I'm surprised nobody has posted this.

>>27848583
gdp is manipulated by the government even easier than fiat is (as it can go both ways). jeff is a retard.

boomer humour

HOLY FUCK GUYS I FUCKING TOLD U

>HE DOESN'T OWN BITCOIN
MY ASS THIS BOOMER IS THE ULTIMATE TROJAN AND IS GOING TO WIN US THE CRYPTO WAR

>>25214222
yes you're right about that. he understands things 99.999% of boomers don't, but he's incredibly dumb in all debates he had on bitcoin. search for them on youtube. but i'm getting more and more convinced he's larping to be the opposing voice that's secretly on bitcoin's side. he realized that bitcoin will actually achieve what gold possibly never could, because it's impossible to counterfeit or lie about its reserves.

>>25192177
>>25192197
>>25192495
>>25192538
schiff is *our guy* and is secretly on bitcoin's side. respect the old man. he'll make the BTC takeover happen 10 years earlier because he wants it to happen in his lifetime.

>>25037354
but u wanna know what? at this point he has had to realize bitcoin can do what his gold never will. he's not dumb. understands what's wrong with fiat money and all. he wants it to succeed inside i'm pretty sure.

picrel is a schiff gold comic.

>>24529499
based

>>23516266
Pic related.

>>22325173
There's a difference between FOMOing into an actual product which bounces back and FOMOing into a scam with an anonymous dev team that astroturfs this board non-stop.
I've made bad calls and good calls in crypto, I'm in the green on average but I've learned hard lessons getting there. Not afraid to admit that and I can rely on my experience to intuit when a project has legs and when a project is a PnD, everything about STA (deflationary, anonymous dev team, solution looking for problem) screams PnD. Enjoy your bags though, hopefully you can be humble enough to learn something from this once you realize that you were wrong.
>>22325206
Comparing BTC to STA shows me just how fucking retarded you are.
>BTC was the first
>BTC is mined
>BTC is what every normie in the world thinks of when you say "crypto".
I don't think the tech behind BTC is relevant anymore but it has clout, clout that STA will never have.
STA is a classic "solution looking for a problem" shitcoin. The usecase is targeting a market which doesn't exist in the altcoin space. Who is going to go on uniswap to participate in an index fund? Altcoins are a very small percentage of the crypto space (and crypto is a fairly small percentage of the trading space). The people who get into alts are high risk traders, normies who would be attracted to index funds would rather just buy BTC/ETH or, you know, put their fucking money in actual index funds.
All altcoins are ponzi schemes, that's why you have to invest in ones which represent teams and products that might actually do something.

>>20967113
That would be hilarious, but no, it's actually denoted in US dollars in every article I've read.

dumping

>>18986838
>but it's fake job, you're not producing anything of value
for you

>>18029726

>>17828275
As topical as ever

>>17747716
yeah, that's exactly what it is, just mass hysteria pushed by mainstream media to promote the agendas of powerful people
imagine not seeing through that bullshit, lmao, and also imagine thinking the economy is driven by spending and not production, LOL

>>17513682
>your zero sum tipping circlejerk rolepalying is not adoption
that's exactly how value is created in an economy, you produce something, get paid a certain amount for it, and then spend that same amount to buy something someone else has produced; you end up with the same amount of money, but society is richer by whatever was produced, in the context of social media content that would be information found valuable by the people involved
the converse would be the broken window fallacy and demand-side economics, which is laughable and absurd

>>17487762

Hey Paul! Tell us the one about the fax machine again

>>12940842
>>12940862
Reading the posts made me glad I sold it. There are far better miners out there. Shorting SPY though for now.

>>12826162
GDP exists so politicians can trick morons with it